Triumph Capital Management Purchases Shares of 34,198 Blue Owl Capital Co. (NYSE:OBDC)

Triumph Capital Management purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 34,198 shares of the company’s stock, valued at approximately $517,000.

A number of other large investors have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at about $41,000. CVA Family Office LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $61,000. Register Financial Advisors LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $64,000. Parkside Financial Bank & Trust bought a new position in Blue Owl Capital during the fourth quarter worth about $66,000. Finally, Bourgeon Capital Management LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OBDC. B. Riley lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target on the stock. in a research report on Monday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Blue Owl Capital currently has an average rating of “Hold” and a consensus price target of $15.50.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the transaction, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Blue Owl Capital Price Performance

OBDC stock opened at $16.04 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. Blue Owl Capital Co. has a 12 month low of $12.20 and a 12 month high of $16.07. The firm has a market cap of $6.25 billion, a P/E ratio of 7.90 and a beta of 0.88. The company’s 50-day moving average price is $15.38 and its two-hundred day moving average price is $14.87.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. The company had revenue of $411.23 million for the quarter, compared to the consensus estimate of $397.42 million. On average, analysts anticipate that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.00%. Blue Owl Capital’s dividend payout ratio is presently 68.97%.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.